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I get really annoyed with the Banks.
When I lodge a big pile of documents to get money out of an account of a deceased Estate, they could immediately pay the money by EFT.
Do they do so……
NO !!!!
They post a cheque by ordinary mail from interstate. It takes 7 to 10 days to arrive and then another 3 or 4 days for the cheque to clear.
Therefore, the Banks hang onto the money for an extra 2 weeks. The Bank might have 10,000 relevant accounts and an average Estate has about $200,000 in the Bank. This means they could be retaining $2 billion for 2 weeks and that can be very valuable on the short-term money market.
So, if you are selling your house. My firm specializes in PEXA, an online electronic conveyance system.
Twenty minutes after settlement, your sale proceeds will be in your bank account and we charge $880 for this service.
Please don’t hesitate to contact my firm.
Our promise is faster and cheaper.

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